14 Trading Screen Stocks: Netflix Surges 20%, Caterpillar Posts 60% Profit Jump and AT&T Reports $6.7 Billion Loss

Shares of Netflix Inc. (NASDAQ:NFLX) jumped almost 20 percent in early trading.  The company reported positive earnings late Wednesday, as the company beat estimates on earnings and revenue.  Citigroup (NYSE:C) now has a buy rating on the media company, with a price target of $130 per share.  Shares of Amazon.com Inc. (NASDAQ:AMZN) and Google Inc. (NASDAQ:GOOG) edged slightly higher.

Jetblue Airways Corp. (NASDAQ:JBLU) shares increased 3.5 percent after announcing fourth quarter earnings.  Net income almost tripled to $23 million (8 cents per share), compared to the prior year.  Analysts were only expecting earnings of 4 cents per share.  Shares of Southwest Airlines Co. (NYSE:LUV) also increased 1.4 percent.

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Time Warner Cable Inc. (NYSE:TWC) gained 4.5 percent after reporting a 44 percent jump in profits.  The company is the second-biggest U.S. cable provider behind Comcast Corp. (NASDAQ:CMCSA).

ETrade Financial Corp. (NASDAQ:ETFC) dropped more than 8 percent this morning.  Goldman Sachs (NYSE:GS) cut shares from a buy rating to neutral.  The Federal Reserve’s continuation of low interest rates are likely to pressure the firm’s net interest margins.  Shares of Charles Schwab Corp. (NYSE:SCHW) only fell .66 percent.

3M Co. (NYSE:MMM) shares gained 1.05 percent after the tech company reported a 2.8 percent increase in fourth quarter net income.  The company earned $954 million ($1.35 per share), compared to $928 million ($1.28 per share) in the prior year.

Shares of Caterpillar Inc. (NYSE:CAT) increased more than 4 percent after reporting a 60 percent surge on profits.  Fourth quarter profits came in at $1.55 billion ($2.25 per share).

Potash Corp. (NYSE:POT) shares bounced 1.15 percent, despite missing earnings.  The company earned $683 million (78 cents per share), but estimates were 88 cents per share.  “We view the current year as the reverse of 2011, which started quickly but ended with weakened demand,” the company said in its earnings statement.

Nokia Corp. (NYSE:NOK) is shaking off a fourth quarter loss, as shares jumped 2.6 percent Thursday.  The company reported a loss of 1.07 billion euros, or .29 euro a share.

AT&T (NYSE:T) beat revenue estimates with the help of Apple’s (NASDAQ:AAPL) iPhone 4S.  However, shares fell 2 percent in morning trading.  The company still reported a net loss of $6.7 billion for the quarter.  Shares of Verizon (NYSE:VZ) traded slightly higher on the news.

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To contact the reporter on this story: Eric McWhinnie at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com